|
3I-02-0526 ~ ~ 11tis form is rued in eott»ee-
<br />~agg r~v~t • r~+ tSon with mortgages ii~tued
<br />- ~1QR 1 Vrt~S3lr .under the arie- fo to¢u-fsraiy
<br />provisions of _the- Nation~l-
<br />OQ~ ~ HouaingAck
<br />THIS MORTGAGE, made and executed this 30th day of 3uly .A-1>-
<br />i4 80 ,by andbetweea Richard S. Smithson and Judy L. Smithson, husband-and wife
<br />of the County of Bail , artd Stale of Nebraska,. party ~ die Elect past, hereitafter called - ' -
<br />the Mortgagor, and
<br />Mortgage Plus Incorporated
<br />a corporation organized and existing under the laws of the United States of America _ - ~ -
<br />party of the second part, hereinafter called the Mortgagee, _ - - - - - - -
<br />W[TNESSETH: Tha¢ the said Mortgagor, for and in consideration of the sttm of Twenty Nine ThouSartd One
<br />hundred and 00/100ths ---------------- ---- Dollars ($2 10 00 ). Patd by,thc Mort-
<br />gagce, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant, 13ar--.:- -
<br />gain, Sell, Convey and Confirm unto [he Mortgagee, its successors and assigns, forever; [he folfovvitig-described
<br />teat estate, sittta[ed in [he County of Ball ,and State - -
<br />of Nebraska, to wit: - - - - - - - - -
<br />lot Seven (7), -in Fractional Block Twelve (12), in Gilberts. Additionto the City of
<br />Grand Islarid„ Hall County, Nebraska-
<br />also known as: 1218 West 10th, Grand Island, NE 68801
<br />at thz Sixth ?incipal Mzridian, containing in ail county property acres according to Govem-
<br />mentsurvey:
<br />TO HAVE AND TO HOLD.the premises above described, with ail the appurtenances thereunto belonging and including
<br />alt heatna, plumbing and lighting fixtu:zs and equipment now or :te.eafter attached to ar used in cannectian wi*.h said reai estate
<br />unto the 4torigagee= and tc its successors and assigns, forever. The Mortgagor represents !a, and revenants w(ih, the Mortga-
<br />gee, that the Mortgagor has goad right to self and convey said premises; that they are free from encumbrance; and that the
<br />Mortgagor will warrant and defend the same against the lawful claims of all persons whamscever, and the said Mortgagor here-
<br />byrelinquishes alt rights of homestead, and all martial rights, either in law or in equity, and all other contingent interests of the
<br />Mortgagor in and to the above-described premises, the intention being to convey hereby an absolute title, in tee simple, includ-
<br />ing all rights of homestead, and other rights and interests as aforesaid.
<br />PROVIllED ALWAYS, and these presents are executed and delivered upon the following conditions, to wit:
<br />The Mortgagor agrees to pay to the Mortgagee, or order. [he principal sum of Twenty Nine Thousand One Hundred
<br />and 00/100ths ---------------- Dollars ($ 29,100. CO ),with interest from
<br />date at rite rats of Eleven & one ha~f per centum ( 11.50 ~) Per annum on
<br />the unpaid balance anti! paid. The said principal and interest she I e payable at the office of Mortgage Plus Incorporated
<br />in Englewood, Colorado , or at such other place as the holder of
<br />[he note may designate in writing, in monthly installments of Two Hundred Eighty Eiqht and 38J100ths --
<br />Dollars ($ 288.38 ), commending on the firs) day of
<br />Septemb r . 19 80 . and on the first day of each month thereafter until the principal and in-
<br />terest are fully paid, except tat the final payment of principal and interest, if not sooner paid, shall be due and
<br />payable on the first day of August 2010 ;alt according to the terms of a certain promis-
<br />sory note of even date herewith executed by the said Mortgagor.
<br />The Mortgagor in order more fully to protect the security of this Mortgage, agrees:
<br />i. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to pay the debt in whole, or in an
<br />amount equal to one or more monthly payments an the principal that are next due on the note, on the first day of any month
<br />prior to maturity: Provided, however, That written notice of an intention [o exercise such privilege is given at least thirty (30)
<br />days prior to prepayment.
<br />2. That, together with, and in addition to, the monthly payments of principal and interest payable under the terms of the
<br />note secuced hereby, the Mortgagor will pay to the Mortgagee, an the first day of each month until the seta note is fully paid, the
<br />following sums:
<br />(a) Amount suffiaent to provide the holder hereof with funds *.o pay the next mortgage insurance premium if this
<br />instrument and the note secured hereby are insured, or a monthly charge (in lieu of a rnortgage insurance pre-
<br />mium} if they are held by the Secretary of Housing and Urban Development, as follows:
<br />(I) tf and so long as said note of even date and this instrument are insured or are reinsured under the pro-
<br />visions of the National Kousing Act, an amount sufficient to accumulate in the hands of the fiolder one
<br />STATE OF NEBRASKA
<br />Previous F-ditiorrsare Obsolete FHA-2143M I/a~]]I
<br />
|